Resistance 4255
Support 4203
SPI Weekly and Daily range.
42 point rotation down from resistance in early trading and into Thursday’s lows (Support 4198-4203)
42 point rotation up from support forming another spiral top pattern, which has provided every down trend this week....
And more weakness into the close, and there is still the expectation of continuing towards July’s lows.
R42 Range and 5-day patternDown Trending week has followed a similar pattern each day of rising up 42 points, as shown and then heading lower from the R42 spiral tops.
Once this week is over this pattern should become less frequent, as price begins to hit larger timeframe support levels.
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